Chapter 17-4

4o 4 (0 complete HW Score: 0%, 0 of 36 pts Score: 0 of 10 pts E17-19 (similar to) Question Help Large Land Photo Shop has asked you to determine whether the company's ability to pay current liabilites and total liabilities improved or deteriorated during 2018 To answer this question, you gather the following data (Click the icon to view the data) Read the couremen's a. Compute the current ratios for 2018 and 2017 Begin by selecting the formula to compute the current ratio Current ratio Large Land Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liab improved or deteriorated during 2018. To answer this question, you gather the following data Cack the icon to view the data Read the u ns a. Compute the current ratios for 2018 and 2017 Begin by selecting the formula to compute the current ratio Dentrata Total current liabities as cash valent to a curentables + Short term investments Nel current rereivables +interest expensel Average total assets Short-term investments Total current alles rent assos 10ta current C otal ass65 as to Choose from any drop-down list and then click Check Answer 4 of 4 (0 complete) HW Score: of 10 pts (similar to) Ques e s and d Photo Shephasked you to determine whether the company's ability to pay current l or deteriorated during 2018 Ton er this question you gather the following data Data Table the current eeting the form 2017 55.000 NetAccounts Recent 2018 60.000 $ 28 000 152.000 227.000 566.000 285.000 45.000 150.000 52.000 125.000 257.000 520,000 .000 52.000 178.000 4000 cometom po Done many drop down and then click Check Answer ning Dear All Check Answer Type here to search mens current ratios for 2018 and 2017 ng the form Requirements Compute the following ralios for 2018 and 2017 and evaluate the company's ability to pay is current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debl te equity ratio c Acid-test ratio Done